PBOC sets Yuan central parity at 6.3973 versus 6.3962 Monday

FXStreet (Mumbai) - On Tuesday, the Chinese central bank, PBOC, sets US dollar/Yuan parity at 6.3973 versus 6.3962 on Monday close.

Dec 1, 2015

Caixin China Nov manufacturing PMI beats estimates

The activity in the China’s manufacturing sector continues to improve in November, although remains in the contraction territory for the ninth straight month. The Caixin China Purchasing Manager's Index rose to 48.6 in November, up from 48.3 in October.

RBA preview: What to expect in AUD/USD?

The latest upbeat Caixin Chinese manufacturing PMI report coupled with the risk-on rally in the equities provided a double booster shot to the Australian dollar, driving the AUD/USD through the roof towards the key 0.7286 levels (Nov 25 High). More so, the recovery in the commodity prices also supported the renewed bids in the Aussie. Gold spikes above $ 1070 while copper prices rally over 1% to 2.07 levels.